Question
This year, FCF Inc. has earnings before interest and taxes of $10,190,000, depreciation expenses of $1,000,000, capital expenditures of $1,000,000, and has increased its net
This year, FCF Inc. has earnings before interest and taxes of $10,190,000, depreciation expenses of $1,000,000, capital expenditures of $1,000,000, and has increased its net working capital by $ 425,000. If its tax rate is 35 %, what is its free cash flow?
The company's free cash flow is $_____. (Round to two decimal places.)
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
